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1-bed · 476 sqftCollective Tower 1, Dubai Hills Estate · 10th floor · completed 2022

1008, Collective Tower 1

Sold prices and rental history: sold twice, last in October 2021, and rented since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1008 · DLD and Ejari recordsUpdated 1 September 2023
Last soldAED 650K14 October 2021
Current rentAED 60K /yr1 September 2023
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1008, Collective Tower 1

What is 1008 worth today?

Last sold for AED 650,000 in 2021

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1 Sep 2023RentedNew contract
AED 59,828/yr10 months · AED 126 per sqft
1 Sep 2022RentedNew contract
AED 60,000/yr12 months · AED 127 per sqft
14 Oct 2021SoldOff-plan
AED 650,000AED 1,366 per sqft
4 Mar 2019Sold by developerOff-plan
AED 683,888AED 1,437 per sqft

Source: Dubai Land Department. Updated 1 September 2023.

Key facts

Type
1-bed apartment
Size
476 sqft
Floor
10th of 16
Parking
B1-16
Developer
Dubai Hills Estate
Completed
2022
Service charge
AED 1,300 /yr
Last sold
AED 650K · October 2021
Building
Collective Tower 1

About 1008, Collective Tower 1

1008 is a one-bedroom apartment of 476 sqft on the 10th floor of Collective Tower 1, a 16-storey tower in Dubai Hills Estate completed in 2022 by Dubai Hills Estate. It last sold on 14 October 2021 for AED 650,000, or AED 1,366 per sqft, in line with the AED 1,369 one-beds in the building were fetching at the time.

It has been rented since 2022 on 2 Ejari contracts. The current contract, signed on 1 September 2023, is AED 59,828 a year: a gross yield of 9.2% on the 2021 price, before the service charge of about AED 1,300 a year.

Sales and rents for 1008 over time

Sales
Unit 1008, each saleTypical one-bed in Collective Tower 1
1M2018202120242027Typical sale price by year: 2018 AED 699,388; 2019 AED 688,888; 2020 AED 771,860; 2021 AED 660,000; 2022 AED 780,000; 2023 AED 1,025,000; 2024 AED 1,250,000; 2025 AED 1,275,000; 2026 AED 1,205,000Sold by developer, March 2019: AED 683,888 (AED 1,437 per sqft)Sold, October 2021: AED 650,000 (AED 1,366 per sqft)

1008 has sold twice; the dashed line is the one-bed median of each year in the building.

Rents
Unit 1008, each contractTypical one-bed in Collective Tower 1
60K80K202220242026Typical rent by year: 2022 AED 55,000; 2023 AED 65,000; 2024 AED 80,000; 2025 AED 85,000; 2026 AED 78,000New contract, September 2022: AED 60,000 a yearNew contract, September 2023: AED 59,828 a year

Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.

1-beds in Collective Tower 1, and where 1008 sits

All 121 1-beds →

1008 last sold in October 2021 at AED 1,366 per sqft, in line with what one-beds in Collective Tower 1 were fetching at the time (AED 1,369). Over the last 12 months one-beds sold for AED 1,000,000 to 1,340,000, around AED 2,538 per sqft, and rent for AED 54,240 to 107,000 a year. 1008's AED 59,828 is in the lower half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
7 Aug 202693,190
4 Jul 20261,170,000
6 May 20261,100,000
29 Apr 20261,050,000
10 1-bed sales in the last 12 months

Collective Tower 1

Building

249 apartments, 1-bed to 2-bed over 16 floors in Dubai Hills Estate, completed in 2022 by Dubai Hills Estate. 25 sold in the last 12 months.

Typical price per sqft
AED 2,385 Down 3.4%
Typical sale
AED 1.35M
Typical rent
AED 90K /yr
Typical yield
6.5%
Collective Tower 1, Dubai Hills Estate: prices, sales and rents →

Other units on the 10th floor

All 249 units in Collective Tower 1
Value
10012-bedAED 1.03M · Mar 2019
10022-bedAED 1M · Mar 2019
10032-bedAED 1.62M · Sep 2026
10041-bedAED 701K · Feb 2019
10052-bedAED 1.7M · Feb 2024
10062-bedAED 1.2M · Oct 2022
10071-bedAED 820K · Nov 2022
1–7 of 19

1008, Collective Tower 1 in numbers

  • Sold twice: first on 4 March 2019 for AED 683,888, last on 14 October 2021 for AED 650,000 (AED 1,366 per sqft).
  • Rented since September 2022 on 2 Ejari contracts, from AED 60,000 to AED 59,828 a year.
  • At AED 59,828 a year the gross yield on the 2021 price is 9.2%, before a service charge of about AED 1,300 a year (AED 2.70 per sqft).
  • One-beds in Collective Tower 1 sold for AED 1,000,000–1,340,000 in the 12 months to November 2026; the building's median across all types is AED 2,385 per sqft.

Source: Dubai Land Department. Updated 1 September 2023.

Questions about 1008, Collective Tower 1

What did unit 1008 last sell for?

AED 650,000 on 14 October 2021: AED 1,366 per sqft for 476 sqft. The unit has 2 registered sales; the first was AED 683,888 in March 2019.

What is the rent for unit 1008?

AED 59,828 a year on the contract signed on 1 September 2023. The previous contract, from September 2022, was AED 60,000.

How big is unit 1008?

476 sqft (44.2 sqm): a one-bedroom apartment on the 10th floor of a 16-storey tower completed in 2022.

What is unit 1008 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Collective Tower 1 sold for AED 1,000,000 to 1,340,000 in the last 12 months, around AED 2,538 per sqft.

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Mortgage on 1008, Collective Tower 1

Starts from the last sale price (AED 650K, 14 October 2021). Switch to today's estimate once you have unlocked it.
Price
AED 650,000
Deposit, UAE resident (20%)
AED 130,000
Deposit, non-resident (40%)
AED 260,000
Monthly over 25 years at 3.7%
AED 2,659

Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →